Global private equity firms including Carlyle and Sequoia Capital are said to be in separate talks to invest between $40m and $50m in a ‘significant minority stake’ in JSM Corp, which owns the Indian franchise rights for brands such as Hard Rock Cafe and California Pizza Kitchen.

The private equity arm of India’s Aditya Birla Financial Services Group has led an INR1bn ($19m) financing round for Trimax, a Mumbai-based provider of IT infrastructure and services, VC Circle reported on Tuesday.

The sale of South Korean buyout heavyweight MBK Partners’ Taiwanese cable TV business to media and manufacturing conglomerate Want Want China Holdings has been delayed after pro-China political comments by Want Want's chairman plunged the deal in controversy.